Will Bitcoin Skyrocket Past $90,000 After NYDIG’s $270 Million Deal?

The Bitcoin mining industry is experiencing a significant transition under a recent announcement from Crusoe Energy, which is already known for converting waste gas into electricity for BTC mining. The March 25 announcement marks a major shift for Crusoe, as it pivots toward artificial intelligence and sells its mining business to New York Digital Investment Group (NYDIG). The deal includes 270 megawatts of power generation technology deployed across the U.S. and Argentina, as well as 135 employees transferring to NYDIG. While some may consider this a retreat from Bitcoin, NYDIG’s acquisition signals a deepening commitment to the Bitcoin network, supporting the long-term security and efficiency of Bitcoin mining.

Crusoe’s AI Pivot: A Sign of Changing Priorities?

Crusoe’s exit from Bitcoin mining signifies a notable trend, that AI is the new gold rush. Co-founder Cully Cavness said it was a natural decision to go “maximalist” on building AI data centers, given the AI side of the company is now its largest revenue-generating segment. With a significant expansion in Texas and a partnership to build AI campuses, Crusoe is trying to capitalize on growing demand for AI infrastructure.

This raises an important question: has Bitcoin mining peaked, or is this simply the path of the evolving industry? While some may see Crusoe’s move as a sign of lessening confidence in mining, NYDIG’s purchase of properties indicates that large firms still find value in securing Bitcoin’s network.

What This Means for Bitcoin and the Market

With NYDIG increasing its emphasis on mining, it’s clear that BTC institutional investment in Bitcoin’s future remains strong. Ross Stevens, NYDIG’s executive chairman, underscored the criticality of ensuring the security of Bitcoin’s network, while ultimately noting that fiat currencies around the world are under siege by Bitcoin.

This kind of sentiment typically ignites bullish momentum, as BTC institutional investment helps bring sustained stability to the market. As mining operations consolidate and efficiencies improve, Bitcoin’s price could be tempted to react and adjust to these changes in the industry. With all of that, simply using some technical indicators to analyze price action in Bitcoin could help determine its next significant move.

BTC Price Prediction of March 26, 2025

After the previous session’s decline, the market opened strong on March 25. At 01:15 UTC, a death cross formed and selling pressure soon surfaced, creating resistance and forcing Bitcoin into a downward channel. But when the RSI indicated an oversold market around 3:30 UTC, buying pressure increased, and the downward channel proved short-lived. At 8:00 UTC, a golden cross appeared, providing the last push for the purchase side to retake the lead. Bitcoin skyrocketed shortly after the MACD confirmed an uptrend.

Chart 1, Analyzed by Alokkp0608 published on March 26, 2025.

The current important resistance and support levels for Bitcoin are $88,250 and $86,600, respectively. With sporadic sell-side pullbacks, the prices started to advance near the resistance level. Death crosses formed around 10:20 and 13:35 UTC. Bullish momentum continued despite these brief setbacks, maintaining Bitcoin’s upward trajectory into resistance. It was difficult to break through this level, though, as prices lingered there for several hours.

Bitcoin’s Next Move: Bullish Breakout or Further Consolidation?

Finally, the impetus required for a brief breakout above resistance was given by a golden cross at 19:05 UTC. A death cross on the MACD at 20:35 UTC renewed selling pressure and pushed Bitcoin into a downtrend channel. The fall was eventually stabilized when prices reached support at $87,215. Another bullish push into the crucial resistance level was initiated with the appearance of another golden cross at 04:05 UTC. 

Bitcoin’s trading on March 25 exhibited notable volatility, with technical indicators driving price movements. A price drop early on, caused by a death cross, provided a support area for Bitcoin as buying activity picked up volume, bringing momentum to the price that was confirmed by an observed golden cross. At the same time, BTC institutional investment received a boost with NYDIG’s acquisition of Crusoe Energy’s Bitcoin mining business, reinforcing strong confidence in the mining sector.

Expectations, in conjunction with improved technical indicators, could influence BTC’s next move. Currently, BTC carpools the critical resistance area, and price traders will be focusing on determining if momentum can be sustained through a breakout or will roll back into another consolidation period. The BTC price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.